BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following items is not included in cost accounts
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Interest received on Bank deposits
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Divided paid on share capital
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Damage playable at law
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All of these
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Explanation:
Detailed explanation-1: -Transfer to reserves is the item of expense that is excluded from cost accounts.
Detailed explanation-2: -expenses are excluded from cost.
Detailed explanation-3: -Cost accounting considers all input costs associated with production, including both variable and fixed costs. Types of cost accounting include standard costing, activity-based costing, lean accounting, and marginal costing.
Detailed explanation-4: -It excludes indirect costs such as overhead and sales & marketing.
There is 1 question to complete.